Italy bought another mega yacht from Russian billionaire

Italian authorities have seized another mega yacht owned by a Russian multi-billionaire. This is Andrey Melnichenko’s ship for more than half a billion euros. The oligarch is on the sanctions list of the European Union because of the war in Ukraine.

The 143-meter sailboat with three different masts has been seized in the port city of Trieste. According to the Italian authorities, Sailing Yacht A is the largest private yacht in the world. The ship was designed by the well-known French designer Philippe Starck and built in Germany.

Melnichenko owns the large fertilizer group EuroChem and the coal company Suek. Italian authorities had previously seized a large yacht belonging to Russia’s richest man, Alexei Mordashov. The Italians also confiscated the villas of wealthy Russians.

Yachts belonging to Russian billionaires were also seized in Germany and France.

Source: NU